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Latest News

Red Lion reports loss for quarter, gain for year

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February 26, 2015
Staff Report
Red Lion Hotels Corp., of Spokane, reported today a fourth-quarter net loss of $4.4 million, or 22 cents a share, compared with a loss of $13.8 million, or 66 cents a share, in the year-earlier quarter. For all of 2014, however, the company posted net
Read More
 –Katie Ross

Ag loans remain gainful, expected to rise next year

Niche requires specialized knowledge among lenders
February 26, 2015
Katie Ross
While commercial and other kinds of loans have taken a hit over the years since the economic recession, agricultural loans have remained more robust, some industry leaders here say. Northwest Farm Credit Services, the Spokane-based agricultural lending
Read More

SBA lenders encouraged by rebound in volume

Banks hope incentives will embolden more borrowers
February 26, 2015
Mike McLean
Some providers of U.S. Small Business Administration-backed loans here are anticipating a second consecutive year of loan growth after the dollar volume bounced upward in fiscal 2014 from a year-earlier decline. Last year, lenders in the SBA's Spokane
Read More
—Judith Spitzer

Refis bounce back

Mortgage rates down; FHA lowers insurance cost
February 26, 2015
Judith Spitzer
Some Spokane banks and credit unions are reporting a mini-boom in home mortgage refinance loans in recent months due to another dip in mortgage interest rates. In the Spokane area, 30-year, fixed-rate mortgage rates had fallen to between about 3.69 perce
Read More

Spokane Park Board plans to hire GC/CM adviser in March

Riverfront Park design team also to be sought
February 26, 2015
Judith Spitzer
The Spokane Park Board voted recently to use a general contractor/construction manager approach for the $64.3 million Riverfront Park update project, approved by voters in November, and now the search is on to hire an adviser to help the city select a GC
Read More

Horn, hide, fur dealer relocates to North Idaho

Oregon-rooted company opens shop in Hayden
February 26, 2015
Mike McLean
Beaver Pond Products, a retailer and wholesaler of antlers, furs, and leather, has leased 2,100 square feet of space in a multitenant commercial building at 10733 N. Government Way in Hayden, Idaho. The company has relocated to Hayden from the Redmond ar
Read More

Small Business Watch

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February 26, 2015
Staff Report

Buying progress for 3/10 of a penny

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February 26, 2015
Andrew Austin
I am jealous of Spokane. As a citizen of Tacoma and frequent visitor to Spokane, what I'm most envious of is your convenient, well-run transit system. Five years ago, voters in Pierce County faced a decision: Either raise the sales-tax rate by 0.3 per
Read More

Zentz's skills suited for new WSU post

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February 26, 2015
Staff Report
Seeing Kim Zentz transition to the often insular world of academia, after so many years immersed in the free-wheeling, private sector-driven pursuit of economic development and technology innovation, can't help but evoke a bittersweet reaction. Zentz,
Read More

Halme Construction moves its headquarters to West Plains

Davenport company's new base closer to jobs
February 26, 2015
Mike McLean
Halme Construction Inc., a longtime Davenport-based heavy-construction contractor, recently has moved its corporate offices to west Spokane. The new offices occupy 4,300 square feet of leased space on the main floor of the two-story former Bank of Whitma
Read More
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